Support The Moscow Times!

M.Video Plans 60% of Earnings as Dividends

Home electronics retailer M.Video said Thursday that it aimed to pay 60 percent of earnings in annual dividends.

"In the past we followed a policy of a moderate annual dividend along with an extra dividend when the company had additional funds. We … believe the company should increase the annual dividends to a payout ratio of 60 percent," M.Video chairman, Peter Gyorffy, said in a statement.

The company also said its board recommended to pay 13.8 rubles ($0.42) per share, or a total of about 2.5 billion rubles, in the next annual dividend, adding the payout will represent 60 percent of net profit.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.